13, SOUTHWELLS LANE, HORNCASTLE, LN9 5DT - £180,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

13 SOUTHWELLS LANE is a large detached house of 116m², built sometime from 2007 onwards. It was last sold for £180,000 in January 2016, which was around 5% below the average January 2016 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2010, where the current energy rating was C, and the potential energy rating was C.

13 SOUTHWELLS LANE Sold Prices

Land registry data shows two sales for 13 SOUTHWELLS LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. One of the two 13 SOUTHWELLS LANE sales was for below the average price, whilst the other was for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2016 15 JAN	£180,000	£189,015	5% below HPI
2008 19 MAY	£190,000	£178,069	7% above HPI

13 SOUTHWELLS LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The two 13 SOUTHWELLS LANE sales from May 2008 and January 2016 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the May 2008 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the January 2016 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 13 SOUTHWELLS LANE?

13 SOUTHWELLS LANE is 116m² according to the EPC inspection conducted in January 2010. This puts it in the largest 40% of detached houses in Horncastle, based on EPC data. The below chart shows the distribution of detached houses by size in Horncastle, and where 13 SOUTHWELLS LANE lies on this distribution: 62% of detached houses are smaller than 13 SOUTHWELLS LANE, and 38% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

13 SOUTHWELLS LANE: Plot and Title Map

13 SOUTHWELLS LANE sits on a plot of roughly 0.067 of an acre, or 272m². The below map shows the location of 13 SOUTHWELLS LANE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 13 SOUTHWELLS LANE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 13 SOUTHWELLS LANE?

13 SOUTHWELLS LANE is located in HORNCASTLE, in the LN9 postcode district. The below map shows the position of No. 13 on SOUTHWELLS LANE.